Download list
Locations / Sites
Contacts
Login
Back to News

Borealis wins the 2019 Foreign Investment of the Year Trophy

Photo: Flanders’ Minister-President Geert Bourgeois handed the FIT trophy to Thomas Van De Velde, Borealis Vice President Hydrocarbons & Energy

​Photo: © Flanders Investment & Trade

Recognition for EUR 1 billion investment in new propylene dehydrogenation plant in Kallo, Belgium

On 18 March 2019 Borealis received the 2019 Foreign Investment of the Year Trophy from Flemish Prime Minister Geert Bourgeois. With this Award, Flanders Investment & Trade (FIT) honours an exceptional investment by an international company in Flanders.

With this initiative, FIT is highlighting the socio-economic importance of foreign direct investment for the seventh year in a row.

Borealis is investing EUR 1 billion into the construction of a new propane dehydrogenation plant on its existing site in Kallo, at the Port of Antwerp, Belgium. “We feel honoured and proud to have won the FIT trophy”, comments Borealis CEO Alfred Stern. “Our investment strengthens Flanders’ position as an industry location, creates additional employment, and enables us to supply our customers with end products in a competitive and sustainable way.

Watch FIT’s video with Borealis CEO Alfred Stern and Vice President Hydrocarbons & Energy, Thomas Van de Velde, explaining the importance of this project for the region and for Borealis.

Read more on www.foreigninvestmenttrophy.be.

Photo: Flanders’ Minister-President Geert Bourgeois handed the FIT trophy to Thomas Van De Velde, Borealis Vice President Hydrocarbons & Energy

​Photo: © Flanders Investment & Trade

Downloads
Photo: Flanders’ Minister-President Geert Bourgeois handed the FIT trophy to Thomas Van De Velde, Borealis Vice President Hydrocarbons & Energy ​Photo: © Flanders Investment & Trade
Media Contact
Virginia Mesicek
Senior Manager External Communications

Related News

News – 17/09/2020

Operations during the COVID-19 pandemic, update 17 Sept 2020

Read more

Media Release – 16/09/2020

Borealis appoints Christopher McArdle as Vice President Polyolefins Strategy & New Business Development

Read more

Media Release – 31/08/2020

Borealis successfully completes the acquisition of a controlling stake in South Korean compounder DYM Solution Co. Ltd

Read more

Media Release – 06/08/2020

Borealis delivers positive second quarter financial result despite COVID-19 and a low oil price environment

Read more

Media Release – 28/07/2020

Siegwerk joins Project STOP to combat plastic pollution in Indonesia

Read more

Media Release – 27/07/2020

Project STOP: Construction starts on waste processing facility in Jembrana, Bali

Read more

Media Release – 06/07/2020

Borealis to significantly increase share of renewable energy used for its operations in Finland

Read more

Media Release – 25/06/2020

Borealis and Borouge, through Water for the World, support project to provide sustainable water supplies to over 50,000 people in Greater Maputo, Mozambique

Read more

Media Release – 24/06/2020

Lafarge, OMV, VERBUND and Borealis join hands to capture and utilize CO2 on an industrial scale

Read more